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Mortgage applications continue to fall in October

Oct 14, 2015

In its Weekly Mortgage Applications Survey for the week ending October 9, 2015, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications fell 27.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index fell 27 percent compared with the previous week.

Both the Refinance Index and the Purchase Index also fell from one week earlier, decreasing 23 percent and 34 percent respectively.

Empire State housing market stays hot in January

New York State home sales remained strong to start the new year with 8,698 closed sales, falling just shy of the 2017 record for January, according to the annual housing market report released by the New York State Association of REALTORS. The January statewide median sales price of $266,000 represented an increase of 8.4 percent from a year ago. Click here to read more.